In the world of currency markets, the U.S. dollar stands tall, poised for a remarkable sixth consecutive week of ascension. Last week, all eyes were on Federal Reserve Chair Jerome Powell, who delivered a keynote speech at the Jackson Hole, Wyoming, gathering. Powell’s words resonated deeply, hinting at the potential necessity of forthcoming interest rate […]
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Buyers’ momentum increases in USDCHF market USDCHF Price Analysis – 25 August When buyers’ momentum is successful in holding the $0.87 support level, the price may increase past the $0.88 resistance level and toward the $0.89 and $0.90 resistance levels. If sellers apply enough pressure, the $0.87 barrier level can be broken, which would cause […]
Market Analysis: August 24 Gold (XAUUSD) strives for bullish gains in the market as buyers gradually regain control. The sellers’ attempt to break below the significant level of 1884.930 was thwarted. Selling pressure weakened, leading to an increase in buyer momentum. A bearish swing was observed from the level of 2060.310, and the price eventually […]
The euro dropped to a two-month low on Friday amid rising doubts about the European Central Bank’s (ECB) ability to raise interest rates in the near future. The ECB is facing growing pressure from slowing growth and rising inflation in the eurozone, which could force it to pause or even reverse its monetary tightening cycle. […]
Market Analysis – August 24 AUDJPY experienced a significant development in April when the sellers’ momentum was deemed exhausted, as indicated by the MACD (Moving Average Convergence and Divergence) indicator. This shift in market dynamics led to a change in the direction of the market, evident from April onwards, marked by a series of higher […]
Market Analysis – August 25 The EURCHF currency pair is currently undergoing a phase of consolidation, marking a notable shift in market dynamics after an extended period of downward movement. EURCHF Key Levels: Demand Levels: 0.9550, 0.9370, 0.9300 Supply Levels: 0.9650, 0.9730, 0.9840 Long-Term Trend for EURCHF: Bearish A meticulous examination of the daily chart […]
In a move that has taken both experts and markets by surprise, Turkey’s central bank has announced a substantial increase in its key interest rate, raising it by an impressive 7.5% to reach the new level of 25%. This unexpected decision has led to a remarkable resurgence of the Turkish lira, signaling a renewed commitment […]
Market Analysis: August 23rd FTSE 100 sees sellers step out as buyers approach. The price is witnessing sellers step out of the race. This, therefore, is allowing buyers to make their way back into the market. The Bulls are showcasing their strength as they aim to reenter the game. Technically, the key level of 7226.10 […]
Market Analysis – August 22 US 30 faces downward pressure, and buyers are struggling to maintain their strength against it. Sellers have made their presence felt, leading to a breakdown below the key zone at 35001.80 last week. The bearish action was confirmed by the Moving Average crossover of the 9-day and 21-day periods. The […]
